This article reminds of the 1990-1992 real estate down turn. I had a relative back then who owned commercial property. They showed up one morning to find the building stripped of all copper guttering and down spouts.
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Archive for March, 2008
A Review from Orange County, CA
A review in today from Ulli G. Niemann a Registered Investment Advisor in Orange County, CA:
Hello Michael, I just wanted to let you know that I featured one of your books on my blog today. The link is [here]. I’ve enjoyed both of your books, especially since I’ve been a trend follower, or trend tracker as I call it, since the 1980’s. I wanted my 17,000 newsletter readers to share in your findings as I am constantly battling the mindless Buy and Hope syndrome. Thanks for your great work.
Now I Feel Safe
After 9/11 in an effort to do “something” the Department of Homeland Security was created. Now it appears that in the wake of too many people bidding up the prices of homes to unsustainable levels the government will now solve the basic problems with human wiring (read: behavioral finance) by creating a new bureaucracy to stop the next bubble from occurring. What would we do without politicians?
The Government Will Get to the Bottom of It!
From the wires:
March 28 (Bloomberg) — U.S. regulators are investigating whether traders spread false rumors about Lehman Brothers Holdings Inc.’s financial soundness to profit from a drop in the company’s share price, two people familiar with the probe said.
Here is the chart. Now explain to me how “Bobby” badmouthing Lehman Brothers to “Timmy” is responsible for that chart? Are we going to go back in time and figure out how exactly that spike down happened? But isn’t the trend right back down again? What a waste of time and money by the government.
Arabic Trend Following Cover
Image of Arabic “Trend Following” cover.
The Great Social Security Hoax
This is pathetic. A big scam organized and maintained by politicians with the consent of a very ill-informed public. Why does this institution exist again?
